Sit Investment Associates Inc. Boosts Stock Position in Flaherty & Crumrine Preferred and Income Fund Inc. $PFO

Posted by Geri Gentry on Jun 19th, 2026

Sit Investment Associates Inc. lifted its stake in Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO – Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,328,546 shares of the company’s stock after acquiring an additional 73,704 shares during the period. Sit Investment Associates Inc. owned approximately 0.10% of Flaherty & Crumrine Preferred and Income Fund worth $12,555,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Rivernorth Capital Management LLC raised its stake in shares of Flaherty & Crumrine Preferred and Income Fund by 62.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 111,745 shares of the company’s stock valued at $1,056,000 after purchasing an additional 43,033 shares during the period. Mustico Financial Group Inc. boosted its stake in Flaherty & Crumrine Preferred and Income Fund by 6.3% in the 4th quarter. Mustico Financial Group Inc. now owns 81,339 shares of the company’s stock worth $770,000 after purchasing an additional 4,788 shares during the period. 1607 Capital Partners LLC boosted its stake in Flaherty & Crumrine Preferred and Income Fund by 32.5% in the 4th quarter. 1607 Capital Partners LLC now owns 263,244 shares of the company’s stock worth $2,488,000 after purchasing an additional 64,634 shares during the period. Guggenheim Capital LLC bought a new position in Flaherty & Crumrine Preferred and Income Fund in the 4th quarter worth about $232,000. Finally, Wells Fargo & Company MN grew its holdings in Flaherty & Crumrine Preferred and Income Fund by 6.0% during the 4th quarter. Wells Fargo & Company MN now owns 47,000 shares of the company’s stock valued at $444,000 after buying an additional 2,668 shares in the last quarter. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Flaherty & Crumrine Preferred and Income Fund Trading Up 0.2%

Shares of PFO opened at $9.23 on Friday. The business’s 50-day moving average price is $9.20 and its 200-day moving average price is $9.35. Flaherty & Crumrine Preferred and Income Fund Inc. has a twelve month low of $8.85 and a twelve month high of $9.90.

Flaherty & Crumrine Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a dividend of $0.0556 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) annualized dividend and a yield of 7.2%.

Flaherty & Crumrine Preferred and Income Fund Company Profile

(Free Report)

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.